Diodes Incorporated $DIOD Shares Sold by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC decreased its stake in Diodes Incorporated (NASDAQ:DIOD) by 5.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,280,905 shares of the semiconductor company’s stock after selling 75,659 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 2.76% of Diodes worth $68,157,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Bessemer Group Inc. lifted its position in shares of Diodes by 178,733.7% during the third quarter. Bessemer Group Inc. now owns 366,609 shares of the semiconductor company’s stock worth $19,508,000 after purchasing an additional 366,404 shares in the last quarter. Allianz Asset Management GmbH grew its holdings in Diodes by 27.0% during the 3rd quarter. Allianz Asset Management GmbH now owns 145,889 shares of the semiconductor company’s stock valued at $7,763,000 after purchasing an additional 31,013 shares in the last quarter. Rhumbline Advisers increased its stake in Diodes by 7.9% during the 2nd quarter. Rhumbline Advisers now owns 146,315 shares of the semiconductor company’s stock worth $7,739,000 after buying an additional 10,744 shares during the period. Pacer Advisors Inc. acquired a new position in Diodes in the 3rd quarter worth $7,393,000. Finally, JPMorgan Chase & Co. lifted its holdings in Diodes by 49.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 464,429 shares of the semiconductor company’s stock worth $24,712,000 after buying an additional 153,905 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

Wall Street Analyst Weigh In

DIOD has been the topic of several recent analyst reports. Wall Street Zen upgraded Diodes from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Truist Financial lifted their price objective on Diodes from $54.00 to $67.00 and gave the stock a “hold” rating in a report on Wednesday, February 11th. Benchmark upped their target price on Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Weiss Ratings raised shares of Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, January 21st. Finally, Zacks Research lowered shares of Diodes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 11th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Diodes has a consensus rating of “Hold” and a consensus price target of $65.67.

Insider Buying and Selling

In related news, insider Jin Zhao sold 525 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $59.19, for a total value of $31,074.75. Following the sale, the insider directly owned 49,980 shares in the company, valued at $2,958,316.20. This trade represents a 1.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Emily Yang sold 950 shares of Diodes stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $60.85, for a total transaction of $57,807.50. Following the sale, the senior vice president owned 74,032 shares in the company, valued at approximately $4,504,847.20. This represents a 1.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 116,205 shares of company stock valued at $7,837,213 in the last ninety days. Insiders own 2.30% of the company’s stock.

Diodes Stock Performance

Shares of DIOD stock opened at $63.01 on Wednesday. The company has a market cap of $2.89 billion, a P/E ratio of 44.37 and a beta of 1.61. The business has a 50 day moving average of $61.37 and a two-hundred day moving average of $55.03. Diodes Incorporated has a 52 week low of $32.93 and a 52 week high of $81.71. The company has a quick ratio of 2.08, a current ratio of 3.32 and a debt-to-equity ratio of 0.01.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Tuesday, February 10th. The semiconductor company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. The firm had revenue of $391.58 million during the quarter, compared to the consensus estimate of $380.03 million. Diodes had a return on equity of 2.95% and a net margin of 4.46%.The firm’s revenue was up 15.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.27 EPS. As a group, analysts anticipate that Diodes Incorporated will post 1.82 EPS for the current year.

Diodes Profile

Diodes Incorporated (NASDAQ: DIOD) is a global manufacturer and supplier of high‐performance discrete, logic, analog and mixed‐signal semiconductor products. Headquartered in Plano, Texas, the company designs and develops a broad range of discrete components, standard logic functions, power management circuits, interface products and array products. Its portfolio includes rectifiers, MOSFETs, general‐purpose diodes, voltage regulators, comparators, buffers and other building blocks for electronic systems.

Diodes Incorporated serves a variety of end markets such as automotive, computing, communications, consumer electronics, industrial and lighting.